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<Research>Citi: GALAXY ENT (00027.HK) 3Q Results in Line
Recommend
15
Positive
26
Negative
12
GALAXY ENT (00027.HK)'s 3Q25 results were in line with expectations, with quarterly net revenue increasing by 14% YoY or 1% QoQ to $12.163 billion, Citi Research issued a research report saying.

Adjusted EBITDA grew by 14% YoY (but decreased by 6% QoQ) to $3.341 billion, approx. 3% higher than the broker's forecast of $3.244 billion, broadly in line with market consensus of $3.321 billion.

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Citi Research estimated its market share to be flat QoQ at about 20.2%. Adjusted EBITDA margin fell by 0.1 ppt YoY (2.2 ppts QoQ) to 27.5%, ahead of the broker's forecast of 26.5%.

Therefore, the broker rated GALAXY ENT at Buy, with a target price of $54.
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